Is Grovy India overvalued or undervalued?

As of 12 November 2025, Grovy India has moved from an attractive to a very attractive valuation grade. The company is currently undervalued, with a PE ratio of 15.88, a Price to Book Value of 2.44, and an EV to EBITDA ratio of 20.18. These figures suggest that Grovy India is trading at a lower valuation compared to its peers, particularly when compared to Bajaj Finance, which has a significantly higher PE ratio of 34.41, and Life Insurance, which has a lower PE ratio of 11.14 but is also classified as very attractive.
In the context of its performance, Grovy India's PEG ratio stands at an impressive 0.04, indicating strong growth potential relative to its price. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -25.98% compared to the Sensex's 8.10%, the underlying valuation metrics suggest that Grovy India presents a compelling investment opportunity at its current price of 37.40.